Kohl's Q2 Earnings: Profit Beat, Inventory Decline, Margin Growth And More
Kohl's Corp reported higher Q2 earnings, with net sales down 4.2%, gross margin up 59 basis points, and EPS of $0.59 beating estimates. The company also raised its FY24 EPS outlook and sees a decline in sales and comparable sales. Kohl's plans to continue investing in growth areas and capitalize on new opportunities.